60 Burelli Street,
Wollongong, NSW 2500
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A-Grade Commercial Investment
60 Burelli Street is a modern, fully leased investment property with an estimated net income of $777,868 pa plus GST
Located in the heart of the Wollongong CBD, the storey commercial building comprises quality retail space on the ground floor and flexible office accommodation on the upper floor. The property includes one of the largest and functional floor plates in the Wollongong CBD, as well as generous secure basement parking for 66 vehicles at a ratio of 1 car space per 41 sqm of net lettable area.
The property exhibits a strong leasing profile, as currently 83% (approx) of the property's gross income is underpinned by two government tenants, the Commonwealth of Australia (53% - expiring 31 August 2012) and WorkCover Authority of NSW (30% - expiring 26 May 2019).
To further enhance the property's tenancy profile, IAG, which presently subleases the Commonwealth of Australia's space, has recently executed a new 5 year direct lease commencing 1 September 2012.
3.5 star NABERS Energy Rating and registered BEEC.
Located in the heart of the Wollongong CBD, the storey commercial building comprises quality retail space on the ground floor and flexible office accommodation on the upper floor. The property includes one of the largest and functional floor plates in the Wollongong CBD, as well as generous secure basement parking for 66 vehicles at a ratio of 1 car space per 41 sqm of net lettable area.
The property exhibits a strong leasing profile, as currently 83% (approx) of the property's gross income is underpinned by two government tenants, the Commonwealth of Australia (53% - expiring 31 August 2012) and WorkCover Authority of NSW (30% - expiring 26 May 2019).
To further enhance the property's tenancy profile, IAG, which presently subleases the Commonwealth of Australia's space, has recently executed a new 5 year direct lease commencing 1 September 2012.
3.5 star NABERS Energy Rating and registered BEEC.
Property ID: 500166101Last Updated: 14 Mar 2017
60 Burelli Street
Wollongong, NSW 2500
MMJ Commercial - Wollongong6-8 Regent Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
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